The Business Times, 28 October 1993

Total Pages: 54
1 54 The Business Times
  • 14 1 Business Times MITA (P) 552/12/92 Thursday October 28 1993 WE KNOW ASIA 75 c
    14 words
  • 2am LATEST
    • 82 1 Reuter NEW YORK Blue-chip stocks were lower yesterday, hit by profit-taking and a poor earnings performance by key Dow component Eastman Kodak. The Dow Jones Industrial Average was off 4.75 points to 3,667.74 at I pm EDT. In the broad market, declining issues led
      Reuter  -  82 words
    • 52 1 Reuter WASHINGTON The government of Singapore said it holds a 6.22 per cent stake in NAMIC USA Corp, a Glen Falls, NY-based medical products manufacturer. In a filing with the Securities and Exchange Commission, Singapore said it paid USS6.4 million (5510.04 million) for the
      Reuter  -  52 words
  • Article, Illustration
    108 1 Stock market indices W'tdarWi) hang? STI1 2,107.41 +13.34 KLSE Composite 934.53 +4.68 Nikkei 19.838.78 -184.82 Hang Seng 8.903.20 112.30 SET Index 1.193.18 34.90 Jakarta Composite ...464.80 +0.16 CLSA China B 1,035.95 -0.23 Aust AIIOrd 2.068.3 +12.6 FTSE 100 3.154.3 -11 WtdMidiy Pnnon Ipm close Do* Jones 3,667.74 3,672.49
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  • 519 1  -  Reports by Genevieve Cua SINGAPORE The Stock Exchange of Singapore announced yesterday that daily trading hours will be extended to 12 hours in anticipation of heavy volumes following the listing of Singapore Telecom on Monday. Starting Monday, there will be one
    519 words
  • 304 1 SINGAPORE A flood of first-time sharcowners will be unleashed on the market on Monday when trading begins on a "ready" basis for Telecom's Groups A and B shares. An applicant can trade on a "ready" basis once he has received confirmation
    304 words
  • 132 1  -  By R Sivanithy SINGAPORE The bulls returned to the region in force yesterday, with share prices in four out of five markets ending higher. In Singapore, a sudden burst of interest in blue chips yesterday followed Tuesday's dip in prices. In a day of
    132 words
  • 341 1 Reuter WASHINGTON The government is expected to report today that the nation's economy grew 3 per cent in the third quarter, slowly gathering momentum after a sluggish start this year. Although still modest, the projected 3 per cent gain is
    Reuter  -  341 words
  • 577 1 Reuter, KnightRidder TOKYO The Tokyo stock market buckled yesterday, rattled by the suspension of trading in newly-listed East Japan Railway (JR East) shares. Investors and stockbrokers had hoped the listing of the railway, Japan's biggest privatisation since 1987, would help revitalise the moribund Tokyo
    Reuter,; Knight- Ridder  -  577 words
  • 435 1  -  From Catherine Ong in HONGKONG THE biggest new equity issue in Hongkong. Maanshan Iron and Steel (Magang). has exceeded all market expectations with demand for its shares outstripping supply by between 65 and 68 times, sources say. While the final tally for applications
    435 words
  • Page 1 Advertisements
    • 183 1 Bu rberrysI MF ,D rf Reigns when it pours Kodak registers USs6Bm loss. Back Page COHTENTS News Companies Spore News 2 S'pore-M'sia 11.12.13 Regional News 3.4.5 Financial 14,15 World News 7.9 Features Markets Analysis 33 Clob RISE. StS 23.24 Editorial 32 R««»nal .21 Sports 25 World 22 TV Lifestyle 27
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    • 154 1 Law: Pg 31 The Bill of Rights and HK's Basic Law a rp economy though he knew it "could possibly 1. HC UijA M. rial Page 2 be a breach of the Official Secrets Act". Court reconvenes twice over James relayed information vague answers by ISD officer Shortly after learning
      154 words
    • 21 1 Hock jfa u y\ Realities 12-bbfo\^in£w HOCK LOCK SIEW, Pg II Can brokers and computers cope? See Pages 21 to 24
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    • 21 1 Apec could supplant Gatt if trade talks fail, says Australian PM Back Page Indonesian general warns ruling Golkar party Back Page
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    • 78 1 The Bottom Line: Back Pg Cambodia seeking entrepreneurs ;;Sh Ifß fli £H JM ll^l ..^Ji J| 1 J^^HB —4« Br H ■r liin ifll^^^MW^^M r x Sol* Ihitnbutor Serftcr Cemur TMCXSO S4A CO (S) PTE LTD Get an attractive SEIKO picnic beg Free with fe •very purchase o» a SEIKO
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    • 84 1 41 Surgeon with an eye for design No. Dr Arthur Lim of the Singapore National Eye Centre is not the first Asian doctor to have designed an intra-ocular lens for a multinational company. But he is probably the first Singaporean to have designed such a lens, and efforts such as
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • 357 2  -  By Magdalene Ng GROWTH in bank lending to companies in Singapore was flat in August as firms continued to tap foreign loans and the stock market to fund their operations and projects. Total domestic lending by banks was $74.08 billion during the month,
        Source: MAS  -  357 words
    • 434 2  -  The OSA Trial Reports by Ramesh Divyanathan THE prosecution yesterday suggested that part of the evidence given by one of its witnesses, an Internal Security Department officer, could have been wrong due to a misunderstanding of the questions put to him. Inspector
      434 words
    • 260 2 A ONE-PAGE note sent by Raymond Foo on June 19 last year to some of Crosby Securities' overseas offices suggested that he had got the GDP growth estimate of 4.6 per cent for the month of April, as well as sectoral figures,
      260 words
    • 132 2 On trial: Five men who face 11 charges of breaching the Official Secrets Act by communicating and/or receiving the government's 4.6 per cent flash estimate of second-quarter 1992 economic growth before it was officially released. The flash estimate was referred to in a BT report on June 29,
      132 words
    • 277 2  -  By Lilian Ang SEAFOOD restaurant operator Long Beach has bought the Marina Village, once a food and entertainment complex run by fugitive businessman Elyamani Khamis. for close to SIO million. Sources say the deal was completed two to three days ago some two
      277 words
    • 464 2 Statements made to the Internal Security Department by the last two accused were read out in court yesterday by the prosecution. Defence counsel Harry Elias, for BT Technology Editor Kenneth James, later read out parts of the three statements
      464 words
    • 473 2 SHORTLY after learning of the 1992 second quarter flash estimate during a telephone conversation with Crosby Securities' Manu Bhaskaran sometime in late June last year. Kenneth James relayed the information to several BT colleagues through the office electronic
      473 words
    • 371 2 DEFENCE COUNSEL Michael Khoo attempted yesterday to get the court to acquit his client, Manu Bhaskaran. ahead of the prosecution's conclusion of its case. He argued that the evidence so far produced showed the first charge against Bhaskaran that he had received secret
      371 words
    • 240 2 TRADE and Industry Minister S Dhanabalan will sign a Memorandum of Understanding with China tomorrow that will form the framework for economic co-operation between Singapore and the Chinese government. Mr Dhanabalan will be on a week-long visit to China starting today. His first
      240 words
  • Page 2 Advertisements
    • 61 2 Q OMEGA The sign of excellence. I————————————— —.i A TIME TO CELEBRATE 1868 1993 125 YEARS TO DEVELOP A SINGLE WATCH THE JUBILEE OF THE International Watch Co. Schaffhausen V [Hi 28 OCTOBER: PRIVATE EXHIBITION (INVITED GUESTS ONLY) 29-31 October: Open to the public Venue: Sir Henry Keppel I, Hyatt
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  • THE REGION
    • 457 3 AFP JAKARTA An Indonesian armed forces general, in a rare attack on the ruling Golkar party, has warned that it needs the armed forces' vote to remain in power. Major-Gen Sembiring Meliala. who is also a Member of Parliament, said in
      AFP; Reuter  -  457 words
    • 252 3 AFP BANGKOK The Thai government has taken action against three companies allegedly involved in assisting Libya to produce chemical weapons, a foreign ministry official said yesterday. Thailand signed an international treaty earlier this year banning the production and stockpiling of chemical weapons and remained
      AFP  -  252 words
    • 286 3 AFP MANILA The Philippine economy will grow by a forecast 4.9 per cent in 1994 from at least 2.5 per cent in 1993, an economic planning official said yesterday. Economic Planning Undersecretary Dante Canlas said the government was still expecting higher
      AFP  -  286 words
    • ASIA NOTES
      • 50 3 Reuter KUALA LUMPUR Malaysia's consumer price index (CPI) rose 2.9 per cent year-on-year in September, up slightly from an annualised 2.8 per cent in August, the Statistics Department said yesterday. The September CPI (base 1990) rose to 113.5 points from 110.3 points a year ago. Reuter
        Reuter  -  50 words
      • 59 3 AFP CANBERRA Australia is examining the possibility of selling uranium to Taiwan under the protection of a US nuclear safeguards agreement. Foreign Minister Gareth Evans said yesterday. Mr Evans told the Senate that Australia's main concern was that any deal should satisfy current policy
        AFP  -  59 words
      • 68 3 AP BANGKOK The builder of a disputed expressway yesterday criticised a plan for Thai banks to buy out the building company's major shareholder, the Japanese construction company Kumagai Gumi. Thai news media said Prime Minister Chuan Leekpai favoured the buyout as a means of resolving
        AP  -  68 words
      • 53 3 Reuter BEIJING China's cumulative budget deficit between 1979 and 1992 reached 422 billion renminbi (SSI 14 billion), using international methods of calculation, the Economic Daily newspaper reported yesterday. Using Chinese methods of calculation, which include foreign and domestic borrowing as income, the figure was 132
        Reuter  -  53 words
    • 408 3 KL, Jakarta, Bangkok to reduce int'l call charges by 23pc Reuter KUALA LUMPUR Companies from Indonesia. Malaysia and Thailand have agreed to jointly develop telecommunication facilities in a new South-east Asian growth triangle. ofllcials said. Under a pact signed yesterday. Telekom Malaysia Bhd.
      Reuter  -  408 words
    • 321 4 AFP BEIJING The United States will resume high-level military contacts with China next week, lifting a ban imposed after the 1989 Tiananmen Square crackdown, the US embassy here announced yesterday. Assistant Secretary of Defence Charles Freeman will arrive here on Sunday for a
      AFP  -  321 words
    • 386 4 Reuter HONGKONG US credit rating agency Moody's said yesterday that it may cut the rating of Hongkong's biggest borrower, expressing scepticism about how much financial autonomy the territory will have after its 1997 return to China. Moody's said it would review its
      Reuter  -  386 words
    • 268 4 AFP HONGKONG Chinas state-run export firms will be allowed to keep their foreign curreney earnings as part of a move for the unified yuan to be floated against a basket of currencies, a report said yesterday. Quoting sources in the southern city of Guangzhou,
      AFP  -  268 words
    • 401 4 AP. AFP BEIJING China and Britain still face a "substantial gap" in their views on democratic reform in Hongkong. Britain's ambassador said yesterday, after what is expected to be one of the last negotiating sessions. "I think both sides agree
      AP.; AFP  -  401 words
    • 454 4 Rcuter WASHINGTON The United States and South Korea may caneel next year's joint "Team Spirit" war games in a conciliatory move to encourage North Korea to end its nuclear arms programme. US defence officials said on Tuesday. But a
      Rcuter  -  454 words
    • 467 5 Reuter TOKYO Japan's Construction Ministry said it will take decisive action to apologise for the fact that its senior officials had neglected to supervise construction companies involved in a widening bribery scandal. Construction Minister Kozo Igarashi told a news conference yesterday that
      Reuter  -  467 words
    • 186 5 Reuter, UPI TOKYO Construction Minister Kozo Igarashi has expressed regret that the US had merely postponed, but not withdrawn, the threat of sanctions if Japan fails to open its construction market, Kyodo News Service reports. "I believe (the postponement of sanctions) shows
      Reuter,; UPI  -  186 words
    • 385 5 Reuter SYDNEY The Australian government has cut its inflation forecast for the fiscal year ending June 30 to 3 per cent, from 3.5 per cent, despite a small but widely expected rise in inflation in the September quarter. The Bureau
      Reuter  -  385 words
    • 195 5 AFP DARWIN A new office of Australia's department of foreign affairs and trade was opened by Trade Minister Peter Cook here yesterday as part of Canberra's plan to develop the northern port city as a trading link with Asia. Mr Cook
      AFP  -  195 words
    • 277 5 Bloomberg Business News WELLINGTON New Zealand's merchandise trade deficit in September narrowed to NZ$7l million (5561.8 million) from NZ$3Ol million in August. Economists had predicted a deficit of about NZSIOO million. The deficit in the latest month narrowed from a deficit of NZ$366
      Bloomberg Business News  -  277 words
  • Page 3 Advertisements
    • 368 3 WHERE DID WE HIDE THE WORLD'S SMALLEST BUBBLE JET Iff® P R IN TE R? JESS INSIDE THE NEW msSlfc. CANON 8N22. INTRODUCING THE WORLD'S FIRST MOBILE OFFICE. IT'S A NOTEBOOK PC. IT'S A BUBBLE JET PRINTER. AND IT'S EVEN A FAX. And it does all these three functions at
      368 words

  • Page 4 Advertisements
    • 636 4 1 II INTRODUCTORY 1 in OFFER FOR ALL NEW ill I SUBSCRIBERS' I I (VALID FROM 19 OCTOBER ■■1 I TILL 1« NOVEMBER. 1993) I L FREE service H| I and 3 months'subscription ■■A FREE mobile secretary I I registration and 3 months' ■io SK 4 weeks U the first
      636 words

  • Page 5 Advertisements
    • 93 5 n tt t> 1 Raffles i Grill Open For I Lunch This Weekend Only! i i Due to an overwhelming response for a Mr Raymond Blanc's award winning culinary i creations from Le Manoir aux Quat'Saison 3 I in Great Britain, we have decided to open the A Raffles Grill
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    • 76 5 jJHHjiKk <3>*.""* *jjE9. v wk«Fi ■'*v -""c'' T !4"', -j."' ||fe^£ v r 'f r. >^ jM m a **m u* j r sttrj? i S- *-'v 'v*- jIH S»&' v% J| K&PI K vl I jBB Hk vT^eag«v >* •i.h.l PES& iB P m Only a merchant book can
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  • Page 6 Advertisements
    • 601 6 XAWAIiI M FIRST FIAT ROLLED STEEL SHEET/COIL SERVICE CENTRE IN ASIA TO RECEIVE ISO 9002 STAMP OF QUALITY FROM LLOYD'S .1 Ilia thank you to all our ivilncii rustomrrs. supplirrs ;unl stall. Your support suul roulhlruro liuw rontrihntoil to our surrrsslul urUh-vrmrnt ol brinii uwurih'tl this prostiiiious rrrtilirsilr Kawarin Enterprise
      601 words

  • THE WORLD
    • 358 7 AFP LONDON Leon Brittan, the Trade Commissioner for the European Community, yesterday proposed that the EC forget the rigid rules of the European Exchange Rate Mechanism (ERM) and concentrate on a new strategy. Mr Brittan wrote in the Financial Times that
      AFP  -  358 words
    • 268 7 AP, Reuter WASHINGTON Orders to US factories for durable goods rose 0.7 per cent in September, the third advance in four months, the government said yesterday. All major industry groups except transportation posted gains. The Commerce Department said orders for durable goods
      AP,; Reuter  -  268 words
    • 287 7 Reuter LONDON British Prime Minister John Major's plan to privatise the railway system, one of his government's touchstone policies, is facing defeat only days into a new session of Parliament. British Rail, synonymous with delays, diversions and dirty trains, is unpopular
      Reuter  -  287 words
  • Page 7 Advertisements
    • 174 7 THE BOROBUDUR INTER• C O N TI NEN T A L JAKARTA J For Only $639, We'll Turn Every BUSINESSMAN'S PRESSURE INTO PLEASURE. Daily to Jakara and back by Skypwc AiAm wkfa owe night «the 5-«r Ho>ri Bowbudur I Inter Conrinrwrjl m wtM c oomfSmemuj brufcfaw, waat credit of US$lO,
      174 words

  • Page 8 Advertisements
    • 296 8 KAWARIN ENTERPRISE PTE LTD /KAWASHO KAWASHO CORPORATION World Trade Centre Building 4-1, Hamamatsu-cho 2-chome Minato-ku, Tokyo 105 Japan Tel: 81-3-3578-5111 Fax :81 -3-3578-5924 (kspc) KAWASHO STEEL PROCESSING CENTRE SDN. BHD. PT 5021, Jalan 27/90, Section 27, Hicom Industrial Area ***** Shah Alam, Selangor Malaysia Tel: 03-*****25 Fax 03-*****35 V KAWATETSU
      296 words
    • 49 8 0 SINGAPORE CARTONS (PTE) LTD. 36 Gul Crescent Singapore 2262 Tel: 861 7690 Fax: 861 0142 Congratulations! We are pleased that our consultancy services have contributed to Kawarin'B achievement GDC Enterprise Promotion Centres Pte Ltd Blkloo3 Bukit Merah Central #02-10 Singapore 0315 Tel: 278 2538 Fax 278 7518 j—
      49 words

  • WORLD FOCUS
    • 488 9 Canadian elections NYT TORONTO Canada's Conservative Party derided him as "yesterday's man" because he faithfully served prime ministers Lester Pearson, Pierre Tnideau and John Turner. But Canada's voters said experience must count for something by placing today's problems getting people back to
      NYT; Reuter  -  488 words
    • 174 9 AP REGINA, Saskatchewan Canada should scrap the North American Free Trade Agreement because US officials are threatening to restrict imports of durum wheat from Canada, Saskatchewan's Premier says. Premier Roy Romanow on Tuesday said Canadian growers already had been hurt in
      AP  -  174 words
  • Page 9 Advertisements
    • 349 9 IncSan Oil Corporation Limited International Trad* Department, Scope Complex, Core-2 7, Institutional Araa, Lodhi Road. New DeM-*****3 (INDIA) Global Tender for Export of Bitumen We intend to export Bitumen of international quality (80/100 grade) in bulk (ISO containers of about 20 MTs) and packed (steel drums of about 160-165 kg
      349 words
    • 278 9 As many of life's achievers are aware, it's lonely at the top. Which is why at the ANA Hotel, we are just as used to providing a friendly ear for our guests as any of other services. So in addition to a location in the heart of Singapore s embassy
      278 words

  • Page 10 Advertisements
    • 154 10 5 How do you ship 2000 kgs of trousers urgently to the U.K. without it hurting your pocket L]i Simple. Just call the FedEx Freight Hotline at 1-800-743 2626. We'll quote you an immediate price that will come as a pleasant surprise, arrange collection AND guarantee two days delivery*. pgl
      154 words

  • COMPANIES & MARKETS
    • 540 11  -  By Teh Hooi Ling SINGAPORE Semiconductor distributor Electronic Resources (ER) has obtained yesterday an in-principle approval from the Stock Exchange of Singapore for a listing on Sesdaq and hopes to launch its public offer within a month. The issue will be managed and
      540 words
    • 362 11  -  By Chuang Peck Ming SINGAPORE Hongkong businessman Parry Chang, securing a licence agreement early this week, has cleared the final hurdle in his attempt to acquire debt-ridden Yoshikawa Chemical Singapore (YChem). The licence agreement, signed between Mr Chang's company
      362 words
    • 204 11 SINGAPORE C W Tresise will give up his post as Robinson chairman at the end of this month. Teo Cheng Guan, another director of the company, will assume the post on Nov I. A statement from the retail group yesterday
      204 words
    • 189 11 SINGAPORE Sembawang Shipyard yesterday said it will appoint Philip Yeo deputy chairman next month, fuelling rumours that he will take over from retiring executive chairman Hsu Tse Kwang. Mr Yco's appointment to the newly-created post takes effect on Nov 22, barely two
      189 words
    • 757 11  -  HOCK LOCK SIEW By Joyce Quek "The time has come," the walrus said, "to think of many things... Lewis Carrol. SINGAPORE It will not be cabbages and kings that people will think about next Monday when 12-hour trading begins
      757 words
    • 414 11  -  By Sylvia Wong SINGAPORE Goodman Fielder Asia Holdings Ltd has sold its bottling and canning machinery at its Tuas plant, and it may sell the land next. The food group's chief financial officer and company secretary. Wee Kim Chew,
      414 words
    • 341 11  -  By Joseph Rajendran SINGAPORE Local PC systems maker IPC Corp has paid U5583,992 (SSI.4 million) in cash for a SI per cent stake in its Slovenian distributor, 7-L d.0.0. Darko Szabo will hold the remaining 49 per cent stake in
      341 words
    • Article, Illustration
      306 11 Source: Bridge Info Performance of STII's Index stocks Oct 27 Slock Last sate (S) °S! factor i latfex Atimo CAC C'cKfcm FAN CF Asia GcnMag Haw Par Inchcapc Intraco kcppcl Corp Lum Chang Metro Hldgs NOL NatStixl KIX S V.-rospocc SIA SPC SPH Scmb Ship Simc Spore Singatron Spore
      Source: Bridge Info  -  306 words
  • Page 11 Advertisements
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      154 words

  • COMPANIES
    • COMPANY BRIEFS
      • 57 12 SINGAPORE Construction firm Lim Kah Ngam announced vesterdav it had acquired a 16-storey apartment block in Shanghai for US$7.B million (5512.2 million) from the Hutai Real Estate Development Company. In addition to 42 apartments, the project comprises two floors of shop units. The development, now under
        57 words
      • 57 12 Reuter SINGAPORE Engineering firm Acma Ltd has sold its 6.15 million rights entitlements in Goldtron Ltd at 551.70 each for a total of 5510.45 million. The rights were "nil paid" and the S$ 10.45 million will be taken up as Acma's profit in the
        Reuter  -  57 words
      • 51 12 SINGAPORE The United Overseas Bank announced yesterday that the 30-share UOB Blue Chip Index will soon be amended to include Singapore Telecom. In a statement, UOB said Telecom will replace Far East Levingston Shipbuilding (Fels) in its index. The adjustment will be effective from Nov
        51 words
      • 51 12 Bernama KUALA LUMPUR Kanzen Bhd has entered into a joint-ven-ture agreement for the manufacture of spring mattress in Xian. China, chairman Sulaiman Sujak said yesterday. Kanzen will set up a company with two Chinese government furniture enterprises. Kanzen will hold a 52 per cent stake.
        Bernama  -  51 words
      • 53 12 SINGAPORE Hotel Plaza announced yesterday that it has obtained approval from the Australian Foreign Investment Review Board to purchase the 295-room Parkroyal at Darling Harbour in Sydney. Hotel Plaza has also signed a short-term contract with the Australia's Southern Pacific Hotel Chain to manage their
        53 words
    • 192 12 SINGAPORE Propertybased City Developments Ltd (CDL) has acquired the remaining 35 per cent stake in the subsidiary which owns Chinatown Point shopping complex. Under an agreement signed yesterday, City Centrepoint director Chng Gim Huat agreed to sell his personal stake of 7
      192 words
    • 297 12 Bloomberg Business News HONGKONG Japanese department store maverick Kazuo Wada's latest foray on the Hongkong stock exchange has been well received. His Vaohan International Holdings opened at HK.53.125 yesterday morning, up 16.6 per cent from its HKS2.6B issue price. Some
      Bloomberg Business News  -  297 words
    • 379 12 Bernama PETALING JAYA Industrial Oxygen Incorporated Bhd (lOl) will lead a consortium of Johor bumiputra partners to redevelop the 246-ha Permai Hospital site in Tampoi, Johor Baru. 101 chairman Ibrahim Abdul Rahman said the government had agreed in principle for the 101-led consortium
      Bernama  -  379 words
    • 378 12  -  By Conrad Raj SINGAPORE Singapore's Dovechem group will today officially open its US$4O million (5562.4 million) liquid storage terminal in the Mawan special economic zone of Shenzhen, across the border from Hongkong. The terminal, China's first private storage facility for chemicals, has
      378 words
    • 340 12 Bernama KUALA LUMPUR Idris Hydraulic (Malaysia) Bhd is teaming up with Bumi Raya Utama Group of Indonesia in several ventures totalling M 5723 million (***** miUion) to set up plants producing methanol, formalin, glue and plywood in Malaysia. The project being
      Bernama  -  340 words
    • 445 12 UNIT TRUSTS FUNDS Ml 'ljl prtc« <$) Oct 28 NTUC IMt Trust Income Bond Policy 3.90 4.05 The Commerce 1.57 1.6$ Pwdsntul The Siwnp Fund I SO 158 PniLink Mgd Fund 1.33 1.40 S'pon: Praj Fund 0.67 O.TOxd uaa> S pore Sec Fund 0% 1.01 ■BM'WBHpinri Spore Inve* Fund 1.12
      445 words
    • 375 13  -  By Corinne Kerk SINGAPORE American luggage-maker Samsonite is setting its sights on manufacturing facilities in Shanghai and Shenzhen in China within the next six months. The company is also planning to open a Singaporebased marketing and financial service centre for South-east
      Photo by Arthur Lee  -  375 words
    • 310 13 Reuter TAIPEI The dramatic rise in the share price of a small textile company hit by falling profits and an industry slump is a sign Taiwan's individual speculators, or "big hands" have returned to the market, brokers said. Taiwanese securities analysts watched
      Reuter  -  310 words
    • 262 13 Bloomberg Business News SYDNEY Major Australian institutions are balking at a proposal by News Corp to issue a new class of "super voting" shares. The Australian Financial Review reported yesterday. At the company's annual shareholders meeting earlier this month, chairman Rupert Murdoch said the new shares
      Bloomberg Business News  -  262 words
    • 320 13  -  By Claire Leow SINGAPORE Western Digital Corp of California has signed a letter of intent to sell its Irvine. California, chip plant and related assets for between US$ll2 million (SS 175.8 million) and US$ll5 million to Motorola Inc. instead of Rockwell International
      320 words
    • 440 13 Reuter WUHAN, China The 253 desks are already in place, mounted with state-of-the-art computers from the US and arranged in a semi-circle in front of the price board. AH that's missing is the final "chop" of approval from the leadership
      Reuter  -  440 words
  • Page 12 Advertisements
    • 293 12 Hlhe first Name in Digital Audio djjj A DA-SI ALPHA D/A CONVERTER DENON comes up with a totally different approach to overcome the many limitations in the reproduction of law-level signals. With the newly developed ALPHA processor, conventional audio signals reproduced on 16bit data and output only con now be
      293 words
    • 477 12 Table of dividends is held over H Straits Steamship Land Limited (Incorporated in the Republic of Singapore) Renounceable Rights Issue ("Rights issue") by Straits Steamship Land Limited ("SSL" or the "Company") in respect of 83,293,331 new ordinary shares of $0.50 each in the capital of the Company ("Rights Shares") on
      477 words

  • Page 13 Advertisements
    • 720 13 BUSINESS TIMES TOLL-FREE TEL. No. 1-600-741-1883 FAX:74f-1298 I IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF AVD ELECTRONICS IMPEX PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Al an Extraordinary General Meeting of the abovementiooed Company duly convened and held at 10 Jalan Besar #B 1
      720 words
    • 237 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KNITEX EQUIPMENT PTE LTD (Members' Vofcfitary Wrtdng-Up) NOTICE IS HEREBY GIVEN that th« creditors of the above company, which is being voluntarily wound up. are required on or before the 28th Nov 1993 to send in
      237 words
    • 169 13 Welcome to the world of exciting employs five channels of sound information: home theatre... front left, center by INFINITY. Ac- channel, claimed throughout the for 0 1 (usually 2 speakers accu- O I are woofer. With Dolby equally at home I Lo S ic reproducing any speakers like thing from
      169 words

  • FINANCE
    • SMALL CHANGE
      • 106 14 Bloomberg Business News HONGKONG A disagreement between the Hongkong government and private sector hanks over a central custody system for Hongkong dollar hond issues is delaying its completion and stalling development of the local debt market, the South China Morning Host reported yesterday. The
        Bloomberg Business News  -  106 words
      • 74 14 NST KUALA LUMPUR Syankat Takaful Malaysia Sdn Bhd, the Islamic-based insurance company, has doubled its profit before tax and zakat (tithe) for the year ended June 30, 1993, to M 56.76 million (554.3 million). The profit was 111.7 per cent higher than the M
        NST  -  74 words
      • 87 14 Reuter ZURICH Union Bank of Switzerland (ÜBS) is expected to report record profits in 1993 on the back of very large increases in trading income, Swiss banking analysts said. ÜBS. the country's largest bank, said yesterday that third-quarter business performed well and added it was
        Reuter  -  87 words
      • 74 14 Bloomberg Business News TOKYO Dai-Ichi Kangyo Bank, the largest commercial bank in Japan, will write otT 600 billion yen (SSB.6 billion) in non-per-forming loans during the two-year period ending March 1995, according to a report in yesterday morning's Nihon Keizai newspaper. As a result
        Bloomberg Business News  -  74 words
      • 84 14 AFP PARIS The Chinese central bank is going to be advised by British consultant Price Waterhouse on developing a financial reform demanded by the development of a market economy in China, the firm announced in a communique issued in Paris on Tuesday. It said
        AFP  -  84 words
      • 81 14 Reuter WARSAW The National Bank of Poland, the central bank, became virtually the sole shareholder of the Pierwszy Komercyjny Bank w Lublinie SA (PKB) to heal its finances and prepare it for privatisation. A NBP statement said on Tuesday that the PKB SA's
        Reuter  -  81 words
    • 522 14 Reuter TOKYO Vibrant South-east Asian stock markets some of which recently tore through record levels are making Japanese investors cast aside misgivings about "exotic" Asian currencies and step up transactions in them. "More and more investors arc turning to Asian markets
      Reuter  -  522 words
    • 432 14  - Finance companies 9 housing loans jump By Soh Tiang Keng SINGAPORE Finance companies have staged a firm recovery in the housing loan department after their business languished for three years in the doldrums. Rising every month this year, housing loans extended by finance companies snowballed to $1.58 billion in July,
      Source: MAS  -  432 words
    • 363 14  -  By Quak Hiang Whai SINGAPORE Hong Leong Corporation (HLC) plans to raise S5O million to refinance an existing loan. The manufacturing and trading arm of the Hong Leong group has launched a revolving credit facility in the capital market through loan
      363 words
    • 141 14 Reuter SYDNEY Commonwealth Bank of Australia chairman Tim Besley says he sees subdued financing demand for credit and flat demand for other banking services. "Given only modest growth in domestic economic activity, and the ongoing tendency for individuals and businesses to reduce
      Reuter  -  141 words
  • Page 14 Advertisements
    • 401 14 A miSSIOn ACCOMPLISHED! In keeping with MISSION'S well-established philosophy, the mission has always been to perfect the science and art of sound technology. MISSION, with its advanced technological know-how and emotional insight, has developed a range of speakers which has won much critical acclaim and many awards... mSf MISSION 751
      401 words
    • 42 14 Sj NOVEMBER 1993 $4 Moving die madSSi: \%A\ Cheap \%f High \%f Foreign money I I yen I I funds I4VCPF Low LSIJ funds ISUPEs w wmmmm mmmm. 8 I MITA(P)011/8/93 ON SALE Published by Times Periodicals member of fffMAMMff MUM HOLOmam
      42 words

  • FINANCE & COMMODITIES
    • 517 15 SINGAPORE Wider options for oil pricing in Asia, indicative of the market's growing sophistication, will not retard liquidity in swaps and derivatives, traders say. The January launch of a new system of price reporting, the proposed Far East Oil Price Index (FEOP),
      517 words
    • 505 15 Platts LONDON Buyers of Dubai crude are reacting sharply to tough new contract proposals designed to combat decreasing liquidity in the international forward market. Operator Conoco and its equity partners have been working since June on an overhaul of the
      Platts  -  505 words
    • 427 15 Bloomberg ENERGY REPORT LONDON Crude prices on both sides of the Atlantic were higher after the American Petroleum Institute reported a 2 per cent drop in the amount of petroleum products produced by US refiners. Refinery utilisation was cut back 2
      427 words
    • 153 15 THE US$/majors moved lower after a lower-than-expected US consumer confidence number. Trading in the Far East was, however, confined to ranges and market sentiment was a touch bullish. The USS/SS was taken to a high of 1.5707 before being sold ofF in one quick move.
      153 words
    • 198 15 Reuter LONDON The dollar sauntered aimlessly in a one pfennig range during yesterday's afternoon European session, unable to make a decisive break either way in a market still awaiting more conclusive proof of the US economic recovery. Dealers said US third-quarter GDP data due today, which are expected to
      Reuter  -  198 words
    • 84 15 AFP NEW YORK The dollar was mixed here yesterday, rising against the yen but unchanged against the German marl. Around 10 am, the dollar traded at 1.6785 German marks, unchanged from Tuesday's dose, and at 108.40 yen against 108.25 yen on Tuesday. Earlier in London, the dollar traded
      AFP  -  84 words
    • Article, Illustration
      1600 15 I rutie-n eigh led index tabulated attain* Spure\ top 14 trading partners Saw >w 198? US$/S$ forward rates Noon Oct 27 ss BM Offer 1-month 1.5639 I 5654 2-month I.$617 1.5632 3-month ***** 1.5620 6-month 1 5585 1 5605 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 19mm m Oct
      1,600 words
  • Page 15 Advertisements
    • 269 15 MB M The Speaker Engineers "BS KEF. MAINTAINING A TRADITION OF EXCELLENCE. for over three decades, KEF has proved the key to excellence in loudspeaker design lies in scrupulous attention to detail at every level of the design and manufacturing process. Today, as always, KEF's aim is to bring you
      269 words

  • COMMODITIES & FUTURES
    • 1430 16 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended steady to firm in extremely languid conditions yesterday ahead of the release of key US economic data later this week. Contracts remained huddled in a narrow range on a lack of institutional interest due to the
      Reuter  -  1,430 words
    • 592 16 COMMODITY REPORTS Tin TIN seemed to ignore further sharp losses on the LME overnight and ended marginally lower yesterday, helped by renewed buying interest. Traders said tin closed steady at MS 11.89 a kg. down one sen, after this week's sharp falls. Renewed
      592 words
    • KNIGHT-RIDDER COMMODITY SUMMARY
      • 70 16 TOKYO Hongkong traders expect slightly better cotton quality and some see higher yields from the current Shandong harvest. But the Chinese province's output will still fall from last year's because of lower planted area. A trader, who had just returned from a visit to Shandong,
        70 words
      • 74 16 TOKYO Japan's total demand for nickel rose to 5.636 tonnes in July, up 8.6 per cent from 5.189 tonnes a year earlier, according to the Japan Mining Industry Association. Demand from the special and stainless steel sector rose 14.5 per cent earlier to 3.894 tonnes
        74 words
      • 96 16 BANGKOK The Thai government will soon remove a surcharge on impcrted corn to ease a local shortage and help reduce high prices of local corn for animal feed, a government official said yesterday. No date has been set for the lifting of the surcharge,
        96 words
      • 71 16 TOKYO Japan's total production of rolled aluminium fell to a preliminary 180,173 tonnes in September, down 6.2 per cent from a year before, the fifth consecutive monthly vear-on-year decline, according to figures released yesterday by the Japan Aluminium Federation. Production for the first half of
        71 words
      • 34 16 KUALA LUMPUR Malaysia's imports of copper cathodes in June were 7.000 tonnes, down from 7,545 in May but up from 6.794 in June 1992, according to the Statistics Department.
        34 words
    • 1627 16 Rubber 0*27 MS Cwiily Exchange (future* doting as at lpa) MS (physical prices) RSS 1 Contract (S cents/kg) Bayers Sailers Close Volume (Sctnts/kg) Month High Low Sett (tonnes) Interest i Nov 127 50 50N Nov 93 000 000 129 00 100 200 RSS 3 Nov 93 ***** I27
      1,627 words
  • Page 16 Advertisements
    • 152 16 FOR LEASE the Sovereign Resort Living with A Difference T Panoramic sea view T Very practical layout T 4+l bedrooms T Full recreational facilities T Partially furnished T Rental from $7,000 Sole Marketing Agent: Makeyour moneybyknm^^ Speaker Mr Fred KH Tam, columnist for Malaysian Business and Business Times j Venue
      152 words
    • 36 16 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead I Make new business contacts through classification 203 in The Straits 0 Times xfVT Classified, cjlts.
      36 words

  • Page 17 Advertisements
    • 530 17 PA MO PRULINK INVESTMENTS WITH HIGHER INSURANCE COVER, CPF WORK TWICE Put your hard earned savings with PruLink Investments The PruLink Saver Account is an annual premium plan. Note: Assuming the PruLink Managed Fund was started in and they'll really go to work. Not only providing the kind with regular
      530 words

  • Page 18 Advertisements
    • 94 18 Wmm., A celebration is in order. Introducing a new addition to the Mercedes-Benz S-Class range. Hb. v B 9 11 HI fl Hk I V M lllTrf -All 9 I Hr r I Ml Mi V tt r M LmJ I I Hr HS I 1 F M II H
      94 words

  • Page 19 Advertisements
    • 197 19 I V V':.. I. §#K k ifcife "m A ~cV: .> v/ ia'ii VvV w |fe^»>--' ~lanre*^Nffi^ ;r^ v< '''^V'-i'--- '""v* IP** t>« f t^v -X 1 hIl- V",V. nr* J*' 'f. >«"•, r jfc* **:v5 '•M'> 4 ***Lt ••*3--" h V L* '<*/ a;[ '..Jg£» .♦***-*5nS?"? >£ jr'sLfb**' f
      197 words

  • Page 20 Advertisements
    • 384 20 MBE TECHNOLOGY PTE LTD A Singapore Milestone In The Field Of Molecular Beam Epitaxy (MBE) ||||||||^H Technology Pte Singapore, producer of high quality MBE epiwafers in Technology Pte towards the Microwave Communication Systems Satellite Direct Broadcast TV ,j Systems Navigation Systems HIIIIMIIIII^BM^^B^^BiIMBBBHBHIIIII^P^ Ultra-High Speed Computers MBE Technology Pte Ltd's main
      384 words

  • REGIONAL STOCK MARKETS
    • 1117 21 12.6 THE Australian share market shook off early weakness with the help of a strong performance by BHP and an inflation figure that was within expectations. Brokers said the 0.5 per cent September quarter inflation figure injected a note of confidence into the market. The annual rate now stands
      1,117 words
    • 585 21 -15.08 Philippine shares slipped in what brokers said was a temporary spell of profit-taking. "1 think that at an appropriate level, there will be fresh buy- ing that will come in." said Villamor Vital, research director of All-Asia Securities Inc. The Manila Stock exchange index shed 15.08 points to
      585 words
    • 590 21 12.46 Stocks closed off highs in active trade after big gains in some speculative shares failed to boost the overall market sharply. brokers said. The weighted index ended 12.46 points up at 4,103.63, off an intra-day high of 4,134, as turnover swelled to NT532.46 billion from Tuesday's NT530.20 billion.
      590 words
    • 424 21 -3.11 Stocks closed lower after an institutional sell-off and individu- al profit-taking in reaction to rccent gains cancelled an early four-point advance. "investors tried to materialise their profits." said Choi Bum of Seoul Securities. "I expect a lively tug-of-war between sellers and buyers this week." The composite stock index
      424 words
    • 257 21 +5.22 The share market nudged to another four-year closing high on rises in selected leaders, although Fletcher Challenge's run higher was checked by profittaking. FCL closed down seven at NZ$4.O3 and off the year high of NZS4.I7 hit early in the session. However, fellow forester Carter Holt Harvey
      257 words
    • 56 21 +2.67 Stock prices were virtually unchanged in sparse kerb deals as speculators awaited clearer trends in a drifting market, brokers said. During the official trading session, business was also low-key and prices moved very little. The Bombay Stock Exchange 30-share index rose 2.67 points to 2,704.59. The 100share national
      56 words
  • WORLD STOCK MARKETS
    • 832 21 -11 Stocks edged lower on the London Stock Exchange yesterday after a dip in Wall Street, but hopes for an interest rate cut underpinned sentiment. The blue-chip FTSE 100-share index, which dropped 19.5 points on Tuesday, closed at 3,154.3 points, down 11.0 points. The narrower FT-30 index closed at
      832 words
    • 102 21 -18.35 French shares finished lower and the CAC-40 index closed under the psychologically important 2,200 level. French bond futures. Wall Street, London and Frankfurt also fell. The CAC-40 index ended 18.35 points down, or 0.83 per cent, at 2,192.02. Paris Oct 26 Fr Xir-Lmuidr ***** 1100 Akatd Aiwlhom 'SO
      102 words
    • 143 21 -0.83 Swedish shares ended the day lower on higher debt market yields and after foreign investors deserted the market. Dealers said trade was listless and index-heavy shares tumbled. The OMX-index fell 0.83 per cent to 1.096.09. while the all-share index slipped 0.73 per cent to 1.386.06 in healthy total
      143 words
    • 186 21 -15.64 Shares on the Frankfurt bourse are expected to retreat further towards the 2.000 level on the DAX before the market shakes off the downtrend and resumes the longer term march forward. dealers said. The 30-share index ended a lacklustre session down 15.64 points at 2,043.08 yesterday, extending Tuesday's
      186 words
    • 128 21 -79 The Milan bourse ended easier but off the day's lows after a featureless day's trading, with dealers predicting the recent weak tone was set to stay in the shortterm. as good news dries up. The Mibtel index closed at 10,194, down 79 points on session. "There was a
      128 words
    • 252 21 -4.32 Dutch stocks fell more than 1 per cent as the potential for further gains is limited after last week's record performance, traders said. The EOE index of 24 leading Dutch stocks dropped 4.32 points to 375.6. Declincrs outnumbered advancers by 22 to two. Volume totaled 12.3 million shares.
      252 words
    • 215 21 +7.5 Swiss shares closed a fairly active day higher, but slightly off the day's peak. The firm dollar and hopes that lower interest rate would channel more liquidity into the market supported sentiment. The broad SPI closed 7.50 points up at 1.692.48. Zurich On 27 Kraan Mus«ii«eBr <5 7
      215 words
    • 348 21 13 Gold shares more than recovered Tuesday's losses by the close but were still looking for decisive movement in bullion to spark more interest. Solid foreign buying on the back of a slightly firmer gold price helped lift the gold index 26 points higher to a closing 1.754 but
      348 words
    • 332 21 14.13 Stocks climbcd early as the market switched focus from federal election results to the swelling tide of strong third quarter earnings. The TSE 300 composite climbed to a record intraday high of 4,201.8 before settling back to trade 14.13 higher at 4,201.28 in turnover of 13.9 million shares
      332 words
    • 854 21 -4.75 Blue-chip stocks were lower yesterday, hit by profit-tak-ing and a poor earnings performance by key Dow component Eastman Kodak. The Dow Jones Industrial Average was off 4.75 points to 3,667.74 at 1 pm EDT. In the broad market, declining issues led advances by a small margin on
      854 words
    • 663 21 Brussels < ki 21 Fnm FORWARD MARKET \Ci Fin 25»5 IS Accc 2550 Artwd J* 50 M) *MUI MO Hckarrl ton 15* 4 < anpac NX) 2 Cock 140 I Or Brrr\ 7Jfc u*v h Ehn EWvlrahrt C. :v>< <.tvlnno-Bm 1242 14 (ictanl J50 50 (»f Bru Lamb V>"»5 20
      663 words
  • Page 21 Advertisements
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      24 words

  • Article, Illustration
    3018 22 Reuter HONGKONG Share prices closed sharply higher yesterday in a broad advance aided by renewed demand from the US and Japan, brokers said. The blue chip Hang Seng Index rose 112.30 points, or 1.28 per cent, to 8.903.20. The broader All Ordinaries Index was 64.28 higher at 4.631.66 and
    Reuter; SOURCE: BRIDGE INFO  -  3,018 words
  • Article, Illustration
    403 22 THE CLSA Shanghai B Index dropped 3.52 points to 782.34 on light trading yesterday. First Pencil went against the trend picking up 8.16 per cent, or US$O.O4. However, buying interest was low with only 4,000 shares changing hand. In Shenzhen, heavy buying interest pushed Southern Glass up 0.01 per
    403 words
  • Article, Illustration
    2519 22 Reuter TOKYO Stocks ended lower yesterday on index-linked selling which was sparked by hectic morning trading in newly listed East Japan Railway (JR East), brokers said. The Nikkei ended down 184.82 points or 0.92 per cent to 19.838.78. closing below 20.000 for the first time since July 28. An
    Reuter; Source: Bridge Info  -  2,519 words
  • Article, Illustration
    1819 22 Reuter BANGKOK Slocks shot up by nearly 35 points to close at a record high as new funds from Japan drew local investors back to the market in force yesterday, brokers said. "Partly it is because of new funds from Japan." said a Nava Finance and Securities broker. "They
    Reuter; Source: Bridge Info  -  1,819 words
  • Article, Illustration
    1087 22 Reuter JAKARTA Share prices closed lower in moderate afternoon trading, with profit-taking by local players sending share prices down, brokers said. The Composite Index ended 0.16 point up at 464.80. "Although the underlying foreign interest remained firm, prof-it-taking on the local side outweighed any chance of a possible rebound."
    Reuter; Source: Bridge Info  -  1,087 words
  • Page 22 Advertisements
    • 94 22 Less is more ■i vW W IV/ IV I Financialmarketparticipantssometimesfeelasthoughthey re drowning in information They often are. They need a way to cut through the sea of text and get a quick understanding of what s happening. That s what we deliver. Our reputation is for fast, reliable and clear
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  • 2446 23 Source: Bridge Info Source: Bridge Info MOWMHtt-wfcrwt Prom* 30.742.000 A$.a Pac Ld 30c I». 6*9 000 Fiber Group 16,054.000 B Raya 13.727.000 Lien Hoe ll.M7.000 Landmarks Bhd 11.745.000 Ind Oxyfen 50c 10.911.000 Tona&hHIdp 9.317.000 FAOB50c 9.072.000 Metrople* 50c 1.961.000 Ind Oiyfen Wt95 1.455.000 A ma) Sttd 50c 7.756.000
    Source: Bridge Info  -  2,446 words
  • KUALA LUMPUR STOCK EXCHANGE
    • 5470 23 Bernama KUALA LUMPUR Share prices renewed their upward thrust yesterday as investors picked up stocks made attractive by profittaking on Tuesday. Second liners, which were hit by the sell-ofT on Tuesday, generally rebounded. The main board all-share Emas Index ended at 280.32, up
      Bernama; Source: Bridge Info  -  5,470 words
  • Page 23 Advertisements
    • 79 23 A Timely Investment. Soto Agent DICKSON WATCH JEWELLERY (S) PTE LTD HI T (A wholly owned subsidiary o< DICKSON CONCEPTS (INTERNATIONAL) LIMITED) A H E R M C S Av I A A A A da mmi DtCKSON WATCH JEWELLERY: THE PROMENADE 300 Orchard Road #01-03 Singapore 0923 Tel: *****00
      79 words

  • STOCK EXCHANGE OF SINGAPORE
    • 8036 24  -  By R Sivanithy SINGAPORE After Tuesday's correction, share prices on both sides of the Causeway resumed their climb yesterday with a sudden burst in demand. The Straits Times Industrials Index had shed 8.51 points on Tuesday a dip most observers attributed
      Source: Bridge Info  -  8,036 words
    • 72 24  -  Quak Hiang Whai A CLEAR signal to buy Lum Chang Holdings appeared on the MACD on Tuesday, leading to a surge in prices in the past two days. The stock has broken out of a consolidation in the short run but daily, weekly Ad monthly RSls are
      SOURCE: BRIDGE INFO  -  72 words
  • Page 24 Advertisements
    • 93 24 i wmtw i Since 1735 there has J Y \m3a J never been a quartz Blancpain watch. And there never will be. Sln«*po«r Till. tIOUKCIASS* Lucky PUu lM 7i424Ayi Scrtlv Tel I ntrtlW l>* I mlrctWMiM T«H TMIMMWI IVtiinsuU I"UmTo( imiOVIMMI W«wM T*jdc ConineTW *****07 mar*.Kawivsjncc Icl I H\ir* i
      93 words

  • SPORTS
    • 277 25 Golf TOKYO Spain's Seve Ballesteros heads a strong international contingent into the 150 million yen (552.2 million) Casio World Open, to be played at the Ibusuki Golf Club Kaimon Course, from Nov 25-28. The tournament will be held the week following the
      277 words
    • 93 25 AP LEICESTER, England Substitute centre Matthew Cooper kicked two penalties in the final two minutes on Tuesday as New Zealand's All Blacks scrambled a 12-6 victory over the Midlands after a lacklustre display. The teams were tied at 6-6 with two minutes remaining. But
      AP; Reuter  -  93 words
    • 294 25 AFP NEW YORK Victory celebrations have barely ended in Toronto, but players and teams arc already making their moves for next season. Twenty-one players have filed for free agency status, including pitcher Jack Morris from the champion Blue Jays. Otis Nixon from Atlanta and National
      AFP  -  294 words
    • SPORT SHORTS
      • 85 25 AP ROSFAIONT, Illinois The National Football League expanded into new territory on Tuesday night, adding a team in Charlotte. North Carolina, that will begin play in 1995 as the Carolina Panthers. NFL commissioner Paul Tagliabue announced the addition at the league's expansion meeting. Another club is still to
        AP  -  85 words
      • Article, Illustration
        68 25 AP NEW YORK Dusty Baker, a rookie manager who led the San Francisco Giants to their most victories since 1962 but just a secondplace finish, was voted National League Manager of the Year on Tuesday. Baker received 15 firstplace votes in balloting by the Baseball Writers Association, four more
        AP  -  68 words
      • Article, Illustration
        121 25 AFP MACCLESFIELD, England Australian Karen Lunn has finished as the leading money-winner on the European women's tour for the first time in her nine-year professional career. The 27-year-old from Sydney, winner of the British Open in August, collects a bonus of £12.000 (5»27,840) after topping the Order of Merit
        AFP  -  121 words
      • Article, Illustration
        87 25 AFP LONDON England look likely to revamp their selection process after their Ashes drubbing by Australia this year. According to a survey carried out by the Independent newspaper, county chairmen want to scrap the job of supremo, currently held by Ted Dexter, who leaves the post at the end
        AFP  -  87 words
      • Article, Illustration
        102 25 FT PARIS Bernard Tapie, the controversial French politician and businessman, has announced that he plans soon to resign as chairman of Olympique-Marseille (O-M). the scandal-scarred football club. He broke the news in an interview with L'equipe. the sports newspaper. adding that his position at OM was incompatible with his
        FT  -  102 words
      • Article, Illustration
        73 25 AFP LONDON Jansher Khan, the world champion from Pakistan, has been advised it is not safe for him to visit Bombay for the first major squash tournament in India. Jansher's safety cannot be guaranteed for the Mahindra Squash Challenge from Dec 12 to 17. The warning follows threats by
        AFP  -  73 words
      • Article, Illustration
        139 25 AFP AFP STOCKHOLM Stockholm Open 2nd rd Tuesday: Magnus Gustafsson (Swe) b Magnus Larsson (Swe) 6-4 7-6; Todd Martin (US) b Richey Reneberg (US) 6-2 6-4; Michael Stich (Ger) b Mikael Pernfors (Swe) 6-7 7-5 6-2; MaliVai Washington (US) b Wayne Ferreira (SA) 6-1 6-3; Boris Becker (Ger) b
        AFP  -  139 words
      • Article, Illustration
        35 25 Reuter NEW YORK NHL TuesdayWinnipeg 5 Honda 2; Montreal 2 New Jersey 0; NY Islanders 7 LA O, Philadelphia 4 Quebec 2; Chicago 9 St Louis 2; San Jose 3 Edmonton I. Reuter
        Reuter  -  35 words
      • Article, Illustration
        66 25 AFP WASHINGTON Frenchman Dominique Benod was cleared of cheating and declared the winner of the Marine Corps Marathon here on Tuesday two days after the staging of the event. Benod. who won in 2hr 23min 52secs. was accused of cutting comers while suffenng from cramp in the last 9km
        AFP  -  66 words
      • Article, Illustration
        69 25 Reuter CAIRNS, Australia Ayrton Senna. who felled newcomcr Eddie Irvine after last Sunday's Japanese Grand Prix, 'should not complain when others copy his aggressive style, says British driver Damon Hill. Senna, infuriated by what he claimed was "dangerous, unprofessional and idiotic driving" by Irvine. punched the Irishman to the
        Reuter  -  69 words
      • Article, Illustration
        77 25 AFP UNITED NATIONS The UN General Assembly passed a resolution urging member nations to observe an "Olympic truce" during the Winter Games next February in Lillehammer. Norway, and the 1996 Summer Games in Atlanta. The resolution, passed on Monday, said the ancient Greek tradition of halting battles during the
        AFP  -  77 words
      • Article, Illustration
        80 25 AP GRF.NOBI.F., France World Champion Australia gained its fourth victory on a month-long series in France by edging out a French regional team from the South-East 24-23 on Tuesday. Marty Roebuck kicked the fourth of his penalties in the 66th minute to put Australia ahead for good and keep
        AP  -  80 words
  • Page 25 Advertisements
    • 1620 25 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Lim Kiew Hong of 16 Springleaf Height Singapore 2678, have applied for a Beer House Second Class Licence in respect of premises at M/s Link Golf Corporation Re. Ltd. at 69 Boat Quay Singapore 0105, and
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    • 635 25 la tfttc Matter oC THE COMPANIES ACT, CAT. 5# AND la tfee Matter of SINO-AFRO PROPERTIES CONSULTANT PTE LTD (la Vaiaatary I MEMBERS' VOLUNTARY WINDING UP At mi Extraordinary General meeting of the members of the abovenamed Cony—y duly convened and beid at 10 Collyer Quay #11-01 Ocean Building. Singapore
      635 words

  • Page 26 Advertisements
    • 722 26 Nothing Beats A Bud. or 41 0 rs LUNCH BUFFET SSA *5.00* (adult) favourites from Japan, $10.8ft++ (child) Thailand, the Philippines, Pakistan, Malaysia, niWTD BITFFFT Indonesia and of course l/inillljiv BUF F Li I Cafe Carousel's famous tiT m. i.J n UI local fare and a wide variety Jl7.W++ laflUlt)
      722 words
    • 267 26 WHERE TO WINE, DINE AND ENTERTAIN Halloween NigM at Subway j 29 30 October Dress up as a Ghost. Goblin or Witch and enjoy a waiver of first drink charge with a free standard drink. Be the first lOOto turn up and get a free Halloween mask. Trick or Treat!
      267 words
    • 342 26 or* tlx (quatty Itmi. UXCiUUHHHHHH Take yew pick. FosAi #i MW coimAry H l>» UmhSmm CrMLoom Lunch: Moon pan Onfy $3Q+~*- pmrpmramm. *****51 M 'M b*&] '■fa-tje. T«7jmn [FREE! T use of KTV rooms* at the Coleman's Lounge IT/JJiT 0 5 with a minimum expenditure of $250" m HAPPY HOURS:
      342 words

  • LIFESTYLE
    • 897 27 1993 Booker Prize Reuter Roddy doyle. whose first book The Commitments about bringing soul music to the slums of Dublin became a hit film, has notched another success by winning Britain's prestigious literary Booker Prize. Paddy Clarke Ha Ha Ha, which won the award
      Reuter  -  897 words
    • 312 27 CHATTERBOX AP AP Reuter AP QUEEN ELIZABETHS husband Prince Philip, known for his diplomatic gaftes, was reported to have brought blushes to the cheeks of a fashion journalist by asking if she was wearing mink knickers. Britain's tabloid newspapers said on Tuesday that the prince quizzed reporter Serena
      AP; Reuter  -  312 words
    • 208 27 AP SOUTH Korean movie stars, directors and producers rallied on Tuesday to denounce what they called "aggression by Hollywood films". Movie house owners remained opposed, meanwhile, insisting that government restrictions should be eased to allow the screening of more foreign films. The main
      AP  -  208 words
  • Page 27 Advertisements
    • 142 27 CAPERS :7 Q^unday funday. Bring your family to Capers for brunch this Sunday and feast on sumptuous Asian and v Continental buffet favourites as well as a special children's menu. The kids will even have a play area all to themselves. Only $28 per adult and $14 for kids up
      142 words
    • 29 27 lEUROPA EAST COAST] Theone-stop entertainment spot Great bands, good food, KTV rooms fabulous time! RESERVATION HOTLINE 225 6636 10am-6om(Mon-Fri) EUROPA EAST COAST 902 co« p*.!, B» g w ok*
      29 words
  • Page 27 Miscellaneous
    • 1130 27 TV RADIO Midnight Crossing, 10.30pm, SBC 5 ygm JefT Shubb runs his father's BH charter business in the Florida Keys. When his wife's employ- er. Morley Barton, suggests a JKp: "H cruise to the Bahamas, he troubles away. But once at sea. Barton JS changes his mind and per- suades
      1,130 words

  • INNOVATION & TECHNOLOGY
    • 1451 28 While the US government has given academia a taste for networking, it will increasingly have to be satisfied by private networks The Economist TO ANY American carried away by last year's election hype, it was obvious that data superhighways were wonderful things. They were to
      The Economist  -  1,451 words
    • 217 28 AFP Australian researchers are developing an insect repellent sheep which could be in the fields by the turn of the century, government scientists said. Genetic engineers arc doing the groundwork to produce sheep with special wool follicles which secrete insect deterrents, a statement by the
      AFP  -  217 words
    • 477 29  -  Invention helps boost Asian doctors' ranking, says Helen Chang Helen Chang EYE surgeon Dr Arthur Lim had just finished an operation and was pulling off his bloodstained gloves when the idea struck him. He grabbed a paper napkin and quickly sketched a crude design a
      477 words
    • 432 29 NYT AS smiles are beginning to come under precise study, researchers report that not just any happy face will actually make the smiler feel happy. A polite smile, a smile of feigned enjoyment or a grin-and-bear-it grimace will not give the physiological
      NYT  -  432 words
    • IN TAKES
      • 83 29 SINGAPORE The Interactive Media Festival has launched its 4||obal search for concrete examples of how interactive media and togi can be done. It did this with the announcement of its of Nominators. The diverse group of 75 members is for selecting work to be included. The
        83 words
      • 76 29 DM SINGAPORE A pocket-sized device capable of giving desktop a supercomputer capability has been invented by the Defencc Scicncc and Technology Organisation. Called SCAP (Scalable Array Processor), the device is activated by a chip jlvhich carries 20 processors instead of the single unit used in Stenvcntional
        76 words
      • 78 29 Reuter SYDNEY Australian scientists said yesterday they had cloncd and gcnctically mapped a molecule which Frcnch researchers only days ago identified as the key that allows the Aids virus to enter human cells. They said the next step, a close study of
        Reuter  -  78 words
      • 86 29 AFP BANGKOK Thai military researchers will begin testing next year a US-made drug which scientists hope could lead to a vaccine for Aids, a public health ministry official said yesterday. The Armed Forces Research Institute of Medical Sciences will begin testing the
        AFP  -  86 words
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    • 178 28 Cruise to the top m a Citroen XM 2.0 Turtx). Its 145Dhp multipoint Injection engine powers It from 0 to lOOkm/h m a decisive 8.2 seconds. And Its aerodynamic 0.28 Cd profile slices through the wind to an Impressive K*^| 210Km/h For further assurance, electronic ant Hock braking (ABS) gives
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  • Page 29 Advertisements
    • 456 29 emissions. Quite frankly, carbon dioxide emissions or other to hold off our competitors. However, impressive as environmental issues were not our top concerns when these features are, even we must admit someday we designed the new Bravo LP series of computers. someone will somehow match them. We kept our minds
      456 words

  • Page 30 Advertisements
    • 275 30 DIRECT MBIT HAS JUST TAKEN A GIANT LEAP FORWARD IN ASIA PACIFIC MasterCard International takes great pride in announcing the arrival at point-of-sale terminals at merchant establishments to cardholders. With of Maestro in the Asia Pacific region. Maestro, cardholders are able to access their bank accounts wherever they As part
      275 words

  • THE LAW PAGE
    • 1357 31  -  A recent book raises the issue of which piece of legislation will prevail after June 30, 1997, reports Selva Kumar Selva Kumar Selva Kumar is a freelance writer on legal matters THE Hongkong Bill of Rights came into effect on June
      1,357 words
    • 242 31 at the MR IF YOU think the delay in announcing the results of Singapore's presidential elections between Messrs Ong Teng Chcong and Chua Kim Yeow was overly long, you are wrong. While the result of that election was not announced until the wee
      242 words
    • 166 31  -  By Conrad Raj ALTHOUGH Singapore is the world's busiest port, it is not well known for its expertise in maritime law. However, for the first time in decades, a Singapore lawyer has been invited to present papers at two conferences in London by Lloyd's, the
      166 words
  • Page 31 Advertisements
    • 171 31 /aPlk IF We Probably Know More About Aircraft Than Any Other Airline. (We Also Build Them, You See.) Time was when our technical abilities extended merely to the maintenance of aircraft. Till one day, when the manufacturers, rather pleased with our quality of work, paid us the ultimate compliment: They
      171 words

  • 451 32 EDITORIAL FOREIGN COMPANIES have long coveted Japan's construction sector, especially because the annual budget for public works can be as high as USS3OO billion. A familiar complaint heard from foreign companies was that achieving a breakthrough in this market was all but impossible. Japanese construction companies, long
    451 words
  • WHAT THE OTHERS SAY
    • 253 32 SINGAPORE TELECOM is a good investment for the long term. The government has staked its reputation on this by making the Telecom listing on the stock exchange central to its plan to give Singaporeans a direct stake in the country. The overwhelming response from the Singapore
      253 words
    • 134 32 FOR THE first time after three decades of military control, Indonesia's ruling Golkar party is now led by a civilian. The new chairman. Information Minister Harmoko, 54, is a protege of President Suharto. In an apparent compromise, the congress named Major-Gen-eral Arie Mardjono as secretary-general to serve
      134 words
    • 212 32 THE COMMUNITY of advanced industrialised countries is now presenting the biggest obstacles to the Gatt talks. Those issues relating to protectionist trade barriers are the most problematic, with the sharpest conflicts being seen in the area of free trade in agricultural products. France, the biggest
      212 words
    • 137 32 ONE OF the most significant parts of the new package of deregulation measures launched over the weekend is the sharp cut in the number of arduous bureaucratic steps for acquisition of land and building permits, which have long frustrated investors and inflated the capital costs of investment
      137 words
    • 135 32 WITH JUST 50 days remaining to the "final" deadline for the conclusion of the Uruguay Round of the General Agreement on Tariffs and Trade (Gatt), the prognosis does not look good. The longstanding squabble on farm subsidies between the United States and France remains set to
      135 words
    • 147 32 MALAYSIA'S REJECTION of Thailand's proposal to consider all forms of terrorism against either country a common threat in the same way the Communist Party of Malaya (CPM) has been treated is regrettable. The pledge by Kuala Lumpur to dehV sanctuary to terrorists from Thailand may
      147 words
  • 743 32  -  Reginald Dale finds Washington demanding that the Japanese abandon the free-trade prineiples that America has traditionally championed Reginald Dale HERE wc go again. The Clinton Administration is launching another round of trade threats against Japan, backed up by doublespeak and specious arguments. Although
    743 words
  • Page 32 Advertisements
    • 213 32 Ride the bull with SINGAPORE HP Business Times WE KNOW ASIA The market's booming. Are you making the most of it? You will if you read Business Times, Singapore's only business newspaper. Market movements, price trends, corporate earnings, new projects, takeovers we're the best with market news and views each
      213 words
  • Page 32 Miscellaneous
    • 70 32 tsT mm Be. (siGCPofuxefc tJ£veß\ U>PTcH OUT BCISTOU3 ytfe-T M»v> Sg. J V HtWSeLF.. J >0O'«£. TO J V v Bur*\9 wmTQ hm-HM 904 i V<ik_ DOONESBURY GARRY TRUDEAU THANKS MAN. MM- tT^ Tf MH***** j£- /v 4- 7 A LOT, PK&ED'.IOU HAVE YOU 60P...CXP PRETTY MUCH MAX! 2EfJ*2 JUST&MPTW
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  • ANALYSIS
    • 1120 33  -  Recently in India, Nirmal Ghosh found industry there adjusting to new ground rules thrown up by ongoing economic liberalisation Nirmal Ghosh KEY indicators show that the Indian economy has firmed. India's gold and foreign currency reserves are now at a record US$ll.5
      1,120 words
  • Page 33 Advertisements
    • 27 33 Find a new rider for your wheels Pedal your wheels to all kinds of people and clean out your store room with a convenient, fast-acting classified ad.
      27 words
    • 74 33 1 United. I t H :r«j' rfv ■•'I \> -M States. ;l/ Whafs in a name? In ours there's an entire country. On daily flights from Singapore via Hong Kong or Tokyo, we can connect you to more than 250 US cities in 48 United states. For reservations, contact your
      74 words

  • 410 34 AP AFP. Reuter OTTAWA Canadian Prime Minister-elect Jean Chretien said yesterday he would not go ahead with implementation of the North American Free Trade Agreement until it was improved to include rules on subsidies and dumping of cheap goods. In his first
    AP; AFP.; Reuter  -  410 words
  • 258 34 AFP TOKYO Japan's central bank chairman, Yasushi Mieno, yesterday quashed hopes that the economy would begin to recover before the close of fiscal 1993, ending March 31 next year. Private economists in Tokyo said recently that following false signs of
    AFP  -  258 words
  • 200 34 AP WASHINGTON President Bill Clinton yesterday released a retooled version of his health-care reform plan that puts ofT his goal of universal coverage for a year to 1998 and sets limits on federal subsidies for small businesses and low-wage workers. Delivering the Health Security
    AP  -  200 words
  • 429 34 Reuter, AP. The Straits Times JAKARTA Australian Prime Minister Paul Keating said yesterday that the Asia Pacific Economic Cooperation (Apec) forum would be wellplaced to supersede Gatt if talks on a world trade pact were to fail. Mr Keating said he
    Reuter,; AP.; The Straits Times  -  429 words
  • 220 34 AFP LUXEMBOURG The Supreme Court yesterday rejected a eompensation plan between liquidators of the Bank of Credit and Commerce International (BCCI) and the authorities of Abu Dhabi. The court ruled that the scheme to compensate 250.000 creditors brcachcd Luxembourg law and created two classes
    AFP  -  220 words
  • 190 34 Reuter ROCHESTER. New York Eastman Kodak yesterday reported a USS6B million (SSIO6 million) loss for the third quarter as the struggling photographic giant's results were hit by US$3B7 million in restructuring charges. The loss compared with a profit of USSIB9 million in the 1992 period, when
    Reuter  -  190 words
  • 697 34  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent specialising in Indochinese affairs UDOM Tantiprasongchai missed an opportunity earlier this year to become a household name in Cambodia. He would have been a textile tsar or an MSG
    697 words
  • Page 34 Advertisements
    • 194 34 PES New Old Authentic IfeS® Persian Carpet at Razi Guaranteed cash refund within one month Trade-in at our showroom at original purchase price PRIME SERVICED OFFICE AT RAFFLES PLACE Offering furnished office rooms that come together with assigned personal secretary, personalised telephone answering service and complete office facilities at attractive
      194 words
    • 19 34 US wheat threat prompts call to scrap Nafta, Pg 9 Govt faces biggest challenge in budget deficit, Pg 9
      19 words
    • 148 34 Razi's Carpets IPJi 100 Orchard Roncl *02-15 Meridien Shopping Centre Singapore 0922 Tel 235 5553 (Open Daily 10am 7pm) PRIME RESIDENTIAL SITE AT ZION CLOSE/KELLOCK ROAD IN DISTRICT 10 For Sale By Tender O SSS W.mrnmm "ZSSJ/ u 11 1 vo £r .A St \Mx, S\ aNGAPOtf V"- N Located
      148 words

  • Shipping Times
    • 410 35  -  By Juliette Walker SINGAPORE Norway's Hoegh-Ugland Auto Liners (HUAL) aims to stay in the driver's seat as car and truck shipments from Europe to Asia pick up speed. HUAL general manager Per-Gustav Lyngaas has watched the Europe-Asia trade -grow since the roll-on/roll-off (ro-ro)
      410 words
    • 466 35 AP PHOENIX Jim Bowman has some advice if his fellow truckers go on strike: "Tell your momma to stock up on groceries because there won't be anything in the stores." Mr Bowman's wife, Doris, has passed out fliers at truck stops across the country
      AP  -  466 words
    • 850 35 Page Col ABC Containcrlinc 12 1 Accord Group 8 1-3 Ahrcnkicl Liner 4 1/2 •APL 5 3-5 Appenship 18 1/2 Alpha Feeders 18 1/2 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9
      850 words
    • 417 35 Reuter MIAMI The international fleet patrolling Haiti's coast in its first week boarded more than two dozen boats and stopped at least one smuggled shipment of fuel banned by the UN embargo, the Navy said on Tuesday. Warships from the US. Britain,
      Reuter  -  417 words
    • 370 35 Fairplay BOMBAY Until recently, India was a bastion of the traditional agent, independent of its principals and acting for several liner companies. But now, foreign carriers have taken more control over their agency and marketing functions. just as they have virtually everywhere else
      Fairplay  -  370 words
    • 237 35 AFP BEIJING China plans to boost exploitation of marine resources with the aim of lifting already rapidly growing output to more than USSI4 billion (SS22 billion) by 2000, the official China Daily said yesterday. The National Programme for Marine Development has drawn up
      AFP  -  237 words
    • 288 35 SINGAPORE The Port of Tacoma plans to build a new container terminal to handle an expected rise in intermodal traffic from trans-Pacific carriers. The US west coast port has hired a soil consultant to evaluate a section of ground alongside the Blair Waterway,
      288 words
    • SHIPS IN PORT
      • 678 36 VtssH Voy Wo Berth Arrival Dtparture Vessel Voy No Berth Armral Departure Jurong Port 215 A 1/93 POIA alongside 27.10/2300 Batam Ma,u 10/08 93 6 alongside 28.10, 2330 Agosbn Neto 16 93V* P01 28.10/2359 2910'2100 Creator 181 112 alongside 28.10/0600 As Splendor 1 P09A 28.10/1000 3010/0700 0«n
        678 words
      • 1647 36 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rstts Ship Voy No Etb/Btr Period From To From fcaLfa 042B 29/2000 1 27/1500 27/1659 27/1900 3 28/0700 28/1159 28/1100 4 28/1200 28/1459 28/1700 Vast* Neto 1693W 29/2300 1 27/1500
        1,647 words
    • 9287 44 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGENO PN: ship calls at Pcnang after
      9,287 words
    • 3028 49 A.BC Containerline NV: Belsin Shpg Agencies Pre Ltd (SVMarine Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pic Ltd (Sy.Accord Contr Line (PK/PN). Adkris Business Corporation Philippine Calsource Shpg Trdg Ptc Ltd (S) Xhrenkiel Liner Service: Kim Shpg Sl Trdg (S). Albatros Sea-Air Service: Frata Shpg Ptc Ltd
      3,028 words
    • 310 49 CONFERENCES CONSORTIA Asia MwHi Ma C-ttiwi Rate Amal (Far Eaat/Narih Ramtea, mcMm lapaaje American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line; Orient Overseas Container Line, Hapag-Uoyd. Treat-Pacific Westboaad Rate Agrsawant (Nartk Raarica/Far East): American President Lines; Sea-Land;
      310 words
    • 274 49 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express Travel Td: 533-5771. Fax: 535-6144. Airborne Freighl C orporation Td: 542-8844. Fax: 542-3716. *****80 Airswift Worldwide Courier Td: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Td: 344-3377. Fax: 345-6450. Cluster Link Supplies A
      274 words
    • 1474 49 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Acti*air Singapore Td: 542-7812: Fax: *****20. Aerotink Freight International Td: 545-8031 Fax: *****05. Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454 Fax *****06. Air Express International Td: 542-7666. Fax: *****74. *****50. Air Market
      1,474 words
    • 2523 50 ALBANIA Duress: Seven vessels in port of which 1 loading chrome, 1 discharging bagged rice. 2 discharging bagged flour. 1 discharging bagged sugar. 3 vessels in roads awaiting berths of which 2 to discharge bulk wheat. 1 to load trucks. ANGOLA Luanda: Refinery operating at 50 per cent,
      2,523 words
    • 720 50 SHIP SALES TANKER RATES The information has contributed by Simpson Spence Young AFP Ja NUMBER of modern pana- maxes were placed on the market for sale during the course of the week. Interest for such tonnage has been very firm over recent weeks and i number of inspec- tions are
      The information has contributed by Simpson Spence & Young; AFP  -  720 words
    • 557 50 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 I BKK SI A SQ827 B747F 1730 2 CPH/DXB SI A SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I
      557 words
    • 178 50 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No OCTOBER 27 28 Andaman Princcss 1300 1800 Sin-Phuket Lines Intl Hldgs 224-2763 REGIONAL FERRIES Port of Call Name of Vessel Agent Telephone No Sekupang (Batam) Palm Spring Indo Falcon Shipping *****78
      178 words
    • 991 51 THE BALTIC Freight Index for spot dry cargo shipping rates was unchanged at 1.331 on Tuesday. Rates remained easier for both Atlantic and Panamax tonnage with little sign of an upturn in the short term, brokers said. Cargill quickly fixed a 52,000-long ton heavy grain, soybean and sorghum
      991 words
    • 883 51 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      883 words
    • 1323 52 Maritime reforms are on their way at last and India's private shipping companies are pushing for even more rules to be abolished Fairplay INDIAN shipping is entering a new phase after a long period of domination by the state sector. In the past private
      Fairplay  -  1,323 words
    • AIR AND LAND TRANSPORT NEWS
      • 495 54 NYT NEW YORK Major airlines cut fares on Monday by up to 40 per cent on domestic routes, thus matching the discounts announced by Northwest Airlines late last Saturday. The sale ends tomorrow. Sales are not uncommon in the fourth quarter,
        NYT  -  495 words
      • 50 54 Reuter BANGKOK With a fire-engine standing by, a Thai Bangkok Airways passenger carrier attempts to land at Bangkok's military airport after its undercarriage malfunctioned on Monday. The Brazilian-built EMB-110 18-seater aircraft, on a test flight, made a safe landing on a runway covered with foam. Reuter
        Reuter  -  50 words
      • 284 54 AFP HONGKONG Reclamation work on Hongkong's new airport has started to take shape, despite a lack of agreement with China on the funding plan, an official of the Provisional Airport Authority (PAA) said yesterday. Douglas Oakervee,. PAA project director, said at a seminar on
        AFP  -  284 words
      • 366 54  -  By Dexter Lee SINGAPORE European aircraft maker Airbus Industrie has clinched both European and American certification for its A 330 aircraft simultaneously for the first time. The certification by the European Joint Airworthiness Authorities and the Federal Aviation Administration means that the A 330 is
        366 words
      • LOG BOOK
        • 130 54 Bloomberg Business News TOKYO The earnings of Japan's Toyota group companies are deteriorating, the Nihon Keizai newspaper said yesterday. Toyota Auto Body owned 43 per cent by Toyota Motor Corp, is expected to report current profit of 3.5 billion yen (Ss49 million) for the
          Bloomberg Business News  -  130 words
        • Article, Illustration
          52 54 AFP KENNEDY SPACE CENTER Columbia astronauts Shannon Lucid (front) and David Wolf working with a rodent in the spacelab's general purpose work station on Tuesday. This is one of 10 rodents from which the crew drew blood samples and injected various solutions as part of their Life Sciences
          AFP  -  52 words
        • 74 54 Reuter PARIS Air France strikers were to vote late on Tuesday on whether to continue a protest which has crippled French air traffic for more than a week and caused fresh damage to the already ailing state-owned airline. The decision comes as Air
          Reuter  -  74 words
      • 521 54 A thorny issue raised by the proposal is the creation of two-tier wage scale NYT THE low-fare carrier proposed by United Airlines carries the code-name Friendship Express and would be run by unionised workers paid lower wages than other United employees, according to a confidential company
        NYT  -  521 words
      • 329 54 Reuter DETROIT General Motors Corp stunned Wall Street when it announced it would take a US$95O million (SSI.S billion) pre-tax charge against thirdquarter earnings to pay for current and future plant closings. The news, which was released after the market closed on
        Reuter  -  329 words
      • 1352 54 eg fi» eta nm m> Abu Dhabi GF146 1120 GA985 1420 GFI47 1850 Adelaide QF81 1930 QF82 2050 SQ228 2120 Amman RJ183 0005 GA975 n40 KL832 0020 KL837 1540 SQ324 2345 SQ323 1815 SQ26 2359 Auckland SQ288 2030 SQ288 2015 SQ286 2035 Bahrain GFI48 0905 B
        1,352 words
  • Page 35 Advertisements

  • Page 36 Advertisements
    • 2059 36 1 £0/I£UU CO/I*J7 iO/I/UV TSKUNE (S) PTE. LTD. Agßd\ T T/ w T1 1 E J. 9 3«1\« JLLNJC rjjLry j-7 Tlx: RS *****/TSKSIN. FYPHPT TOKYO SENPAKU KAISHA. LTD CR No H*****0000n 1 liArwiv A I —DIRECT TO MA WEST COAST (SCX-SPOIIE CALIFORNIA I TO EAT MBHTPBWgAIf ffUU. COMTAMPIWWVICB i
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  • Page 37 Advertisements
    • 2314 37 h OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES c7^l'jcakiao TEL* *****13 FAX' *****42 PETALING JAYA TEL. 03-*****76 FAX. 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) FS TEL *****6 BOOKINGS TEL: *****80 *****81/ *****82 P (OPNS) CPS (PSA F5) TEL: *****21/ *****79 P.GUD A NG TEL 5 4312/3 FAX *****4 (OPNS) CUSTOMER
      2,314 words
    • 934 37 ■UIi7.NiHHWH WESTERN AUSTBALIA We are pleased to advise that it has been mutually agreed that as of Ist November, 1993 Maersk Singapore Pte. Ltd. will take over the agency for S inga p or e/F reman 11 e/ Singapore service from MCC Transport Singapore Pte. Ltd. At the same time,
      934 words

  • Page 38 Advertisements
    • 1572 38 AQABA R OAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JED) S TON H BURG A WERP HAVRE MALAYSIA TQKIO EXPRESS 13/142 27/10 13/11 16/11 14/11 Port Kelang. Penang DANUBE 10/342 30/10 8/11 14/11 17/11 20/11 22/11 24/11 Paar Gudang KAMAKURA 31/143 3/11 20/11 23/11 21/11 EAST
      1,572 words
    • 609 38 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sote Foreign Forwarder in Kabul for all services C.I.S.- Vootochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Bsku, Irkutsk, Alms Ata North Korea Vietnam t Mongolia Hungary CSFR Poland ocwrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA BATA Feeder Vessel ETA SIN BUNGA PELANGI V.2383
      609 words
    • 1226 38 NORASIA 1 NORASIA SUN 9341-3 28/10 17/U 20/11 21/11 21/11 22/11 23/11 25/11 26/11 27/1* I NORASIA PEARL 9342 3 04/11 24/11 27/11 28/11 28/11 29/11 30/11 01/12 02/12 03/12 ARABIAN SEA 343W U/U 01/12 04/12 05/12 05/12 06/12 07/12 08/12 09/12 10/12 1 CMNA SEA 344W 18/11 08/12 11/12
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  • Page 39 Advertisements
    • 1914 39 POW STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Kappd Towers JflH Singapore 0208 Td: *****80 Fax: *****17 NEW GUINEA PACIFIC LINE jaPEp (a service of china navigation CO) CARGO™ out SAR.S MEMJBI VISE KK. Sun. Taw hPt 10 Oct FCI. LCL CONTAINER AND RftEAKRULK SERVICE TO PAPUA NEW
      1,914 words
    • 2674 39 SINGAPORE AGENT: IMtTI PAIItQIIIAfC P4O Containers (Singapore Agencies) Pte Ltd I 4JL% F J\fiH-C4IIIVI 9 10 Hoe Chiang Road #07-01 Keppei Towers. Singapore 0206 v TeT 225 2233 Tetex: RS ***** PNOCSP Fax: 225 5327/222 7517 W fc CR Number: **********0Z EXPORT IMPORT VCBB6L VOV 'MQ 'MCA MM ALG SOU
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  • Page 40 Advertisements
    • 540 40 i|K EKA JAYA AGENCIES VliT TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE MYAWMAR TRADE T PAGER HANDPHONE/PIPECT WILLIAM WEE i'WW N.s. TAN/MANOj HUM HO CHI MIWH CITY TRApt HENBY HOE *****24 WfKI/WW W.K.KPHQ Tut7M/H4MW KELVIN CHAN 2H042S MM722/MMM3 ►TO MYANMAR/YANGON S? SEMI CONTAINER SERVICE gfaz M OCEANLINES
      540 words
    • 1881 40 (g) HANJIN SHIPPING! FOR VSL SIN IN HAU. SEA POX FDR VSI S« IWE HAU SAV LM NYC HANJM SEATTLE 0311 29 10 O«£CT 11/11 20/11 HAN* SEATTLE 031E ?9 10 H MVARWW 040 C VU Vl2 5/12 HAMJHt TONGHAE 102E 4/11 OSKCT 25/1127/11 HMUN TONGHAEIO2E 4/11 J"" o'*0'* HANJM
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    • 1435 40 Ipkl i* wc u.6 pus m oa kt w iro iu c» h ire im m m nt iw ra cm m scr S~ I GHIK4U M 10• PI 1/U 1/U 5/U «/U 1/U 11/U 12/U 11/U IVU S/ll 1/1211/12 U/12 H/12 22/12 »/12 24/U 21/U 4/1 U/l 11/1 1»/1
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  • Page 41 Advertisements
    • 2441 41 H II 'NORMANDIE BRIDGE 28W ETA SGP 30/10/93 II M l| ETA RDM 15/11/93, FLX 16/11/93, 11 BRE 18/11/93, LEH 20/11/93 H EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US GULP MIDWEST USEC CANADA VESSEL VOY sdp LOS OAK VAN SET tTL (K,~ CLE (LB PAL PET HOI
      2,441 words
    • 1149 41 I SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 ENQUIRIES: *****33 BLASCO ODESSA: *****51/*****31/*****13 INVENTORY: *****45 INWARD: *****81 OUTWARD: *****80 TRANSMPMENT: *****78 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 CR NO:
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  • Page 42 Advertisements
    • 1561 42 44AS AGENTS: "K" LINE (SM6AFORI) PTE LTD (CM No: 124U*****0N) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I V MALAYSIA 1" LINE MAAfTIMi (MALAYSIA) SON BHD u 4 M TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SAJUNA LAUTINTERNUSA, TEL: JKT *****08 f cspoat
      1,561 words
    • 1020 42 PHI LI-ORIENT LINGS PTE LTD 108 Robinson Road #07-00 GMG Buikjing Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION ggg AUSTRAUA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 4 NOV SYDNEY. MELBOURNE. BRISBANE, FREMANTLE 1 NOV AUCKLAND, WELLINGTON. LYTTLETON, NEW PLYMOUTH. NAPIER, CHRISTCHURCH 7
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  • Page 43 Advertisements
    • 997 43 (aaagflll PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street. #03-00 PIL Building, Singapore 0106. I I SSBB* MfIHV CR NO **********0E I I VESSEL VOY SIN CMB JIB JED AOJ ADE HOD PZU ASA KOTA WIRAWAN WRNO33 30/10 4/11 11/11 14/11 IS/11 15/11 17/11 26/11 22/11 KOTA WVJAYA WJAO33
      997 words
    • 1248 43 K||9IS3HI I VESSELS yQT SMM IWWIC ROTTERDAM ANTWERP THAMES LE HARM V" PC CANOPUS S73OW 30/10 2«/ll 28/11 23/11 »/11 30/11 MU£ pi VESTA 7430W 03/11 30/11 02/1? 03/12 M 1? 05/12 wm m mm* »330w 13/11 w/12 u/12 12/12 13/12 14/12 upm jggw 7131W 24/11 17/12 U/12 ?0/12 21/12
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    • 411 43 BSAt M MYANMA pBBk FIVE STAR LINE (Myanmar National Line) loading for Yangon (Rangoon) S'pore P Kit Pen P Gdf t*AAN VI96W 29/31 Oct TAUNGGYI V473W 3/4 No* PAGAN V2O2W 14/lt Nov MALAYSIA AGENTS BOUSTEAO SHPPOK AGENCCS KUL TIL 03-*****00 P*L: TEL 03-36K757 PEN TEL 04-CICI3S POD TQ 07-*****1/4 NIGERIAN
      411 words


  • Page 45 Advertisements
    • 55 45 I/C VISA FREIGHT SERVICES PTE LTD fij Established Since 1984 OCEANIA FORTS REGULAR GROUP AGE lcl consolidation AUCKLAND SYDNEY IMPORT at EXPORT MELBOURNE FREMANTLE SERVICES ym FOR BOOKING St SAILING SCHEDULE. CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: 1800-*****66 TOLL-FREE
      55 words

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    • 2795 46 Container Liner Services «*„»'< «■*»»'> aims: General Agents: Booking Agents; Gum Guan Skipping Sin Bhd Chung Ckiso Shipping Sdn Bhd P.T. Global Putra Indonesia Maritime Costar Shipping Pte Ltd Shipping Fright Booing Centre 54a BM 5« Penury Ran Ma4a Husa Lot 3.34, 3ri Fleer, 11. IK. M. Luanda Ml/23 Of
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    • 596 47 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 1/tl ROTTERDAM 30/10 AARHUS/COPENHAGEN 1711 HAMBURG/BREMEN 1/tl MARSEILLE/FRANCE 31/10 FELIXSTOWE/UK 1/tl BARCELONA/SPAIN 31/10 LEHAVRE/FRANCE 1/tl GENOA/ITALY 30/10 ANTWERP/BELGIUM 1/tl LOS ANGELES/WC/IPI 31/10 SYDNEY/MELBOURNE 29/10 NEW YORK/EC 31/10 FREMANTLE/ADELAIDE 29/10 VANCOUVER 3711 BRISBANE 29/10
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    • 975 47 i VOY M jiTr i r■ mil. v fcSSfcL N *1 vessel voy sin pen I g CHAIYA BHUM MS Fri 29/10 _Ti» 2/11_ DEJA BHUM 2173 Fri 29/10 Sal 30/10 gIvESSEL VOY sin OKK 1 I™*™*™™ 018 JBUt Jtf«L JUL PBMABA 07H EIL. »/10 Tut 2/11 ■<i DRAGON SENTOSA
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    • 654 47 Guaranteed Sailings to: BANGKOK LAEM CHABANG JAKARTA PORT KELANG •HO CHI MINH MANILA CEBU •SURABAYA PENANG HONGKONG We also serve other ports: USA, EUROPE, CHINA AND ALL DESTINATIONS g^^^m!mrr!«*snsNt!Ens^TnTD TEL: *****33 (12 Lino) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Line*) j~W~\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING
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    • 1661 48 PtAfIMN CONTAINER LINES biv/VnAflent*: MAC-NELB SPORE: *****22 (24 LINES) vJ-J V/ 'c/K Hoc **********0 C SIBU (064) *****9 KUCHINQ (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 29/10
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    • 189 48 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA EM SfOK rati ROJMG PtNANG BILK MOt 1/U Lo«hft| lor Ufa* MWU HUM) 1/U o)Xh«r(in| and loadmf tor Bombay oarm in n loading for Hit* nncJt supkme 10/11 loading For Male UMMEIDH Ml loading for Mal« rtOGHSS I BUTT 15/11
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    • 896 48 JL THONG SOON UNES PTE LTD I /Yf\ 78 SHENTON WAY #10-01. SINGAPORE 0207 I I \y \y TEL: 227-5088 FAX: 227-6011 I I JTLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOT S'POtt PEST VESSEL VOT SPORE DEST EQUATOR 111 104/3E 28 OCT
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  • Page 51 Advertisements
    • 20 51 ifw"^ EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. Singapore rn Business Times WEKMOWASIA
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    • 61 51 f I —-j Tfie E)<eajtive Housekeeper -this Mel I O I wants is me. But I'll never neglec-t I "Wnfe ouse ba by _y Any Job. Any career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times Business times The new paper LIANHE ZAOBAO LIANHE WANBAO SHIN
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  • Page 51 Miscellaneous
    • 720 51 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2300 JR 2.1 1.7 1.2 09 01 08 1.1 1.6 2.1 2.6 2.7 2.7 2.3 1 8 1.3 09 0.7 0.7
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  • Page 52 Advertisements
    • 641 52 5 vigour pacific lines I VESSEL VOYAGE SINGAPORE MANILA VIGOUR SINGAPORE 65N8 23/10/93 06/11/93 VIGOUR SINGAPORE g5U§ OIZiIZH 06/11/93 FRDAV''MD MONMY VIGOUR PACIFIC 30NB 05/ 11.93 13/11/93 mmM nLffluwiUMaW ««nbiir.MUe VESSEL VOYAGE I SINGAPORE PORT KLANG PENANG SINGAPORE VIGOUR MINOANAO 1 9327N8 i 29-10 93 31/10/93 05/11/93 VIGOUR SPORE 1
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    • 307 52 ©APPENSHIP (2\ HAMBURG Uvy CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOAWNG POUTS CKSCHARGE LOACMNG FOR YOU MING 23 09 93 SPORE 31/10. BKK 5/11 HWA 111 HAMBURG 07.10.93 SPORE 11/11. BKK 16/11 KAMW ANTWERP 02 10 93 SPORE 13/11 KOALA CONTAINER LINE STOKE
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    • 420 52 jL cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG PQ. LOADING FOR: A VESSEL 26/10 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.G. LOADING FOR: A VESSEL 15/11 20/11 Huangpu/Guangihou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Pimm refer above mentioned
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    • 938 53 I MERCHANT MARINE CO. WESTBOUND TO EUROPE VESSELS VOY PHA PKE PGO VESSELS VOY_ SIX »TM MIT* L£T HAM ME| FEI NORASIA MALACCA 9331 A 27/10 28/10 29/10 H. INNOVATOR 306* 01/11 19/11 19/11 20/11 21/11 21/11 23/11 tMM AO VANCE 30A 03/11 04/11 05/11 SI MARINER 307W 08/11 26/11
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    • 473 53 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSJU WT SP IK M TRIM MTI 12 11/11 «/U HU 11/11 lUTUB RNi 1 2/11 BOH UEIALO S/ll 1/11 HUTU »Cl I 2/11 Otua MOO* 11/11 Ml 14/11 *****1 22 12/11 IS/11 ASIAN STAR I*2 21/11 21/11 COSHC
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    • 907 53 VESSEL 1 VOY 1 SIN ETA/P I LAX OAK ICM DAL MEM/COL IHOU 1 NYC I NOR HEWY HUDSON BRCGE 70A 04 05/11 21/11 23/11 24/11 25/11 25/11 26/11 26/11 27/11 ALLIGATOR TRRKTH 50A 11 12/11 21/11 30/11 01/12 02/12 02/12 03/12 03/12 04/12 MACKWAC BRCGE m It 19/11 05/12
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    • 59 54 •> J •V MiiWU*! f KilMliT" M.V. "MARGARET" VOY. 1 Aimed 21st October 1993 Consignees of all damaged cargoes ex the captioned vessel are hereby notified that a general survey will be held on the 29th October 1993 0900 -1200 hour? at PT 10. No further survey will be entertained
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    • 6 54 -yARKETING LA Tomorrow in Business Times
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